# Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live

> Brent crude rose $2.38 to $107.15 a barrel, a 2.2% gain, after the US reportedly launched limited strikes on Iran's Qeshm Island late Monday. The live blog also covers Saudi Aramco reporting higher profits and the Australian central bank raising rates.

- Date: 2026-11-03 · published 2026-11-03T09:08:14.834Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/77350-saudi-state-oil-company-reports-jump-in-profits-despite-attacks-australian
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Renewed strikes near the Strait of Hormuz revive supply risk premia in crude, which feeds through to diesel, freight and fertiliser costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2026/nov/03/saudi-oil-company-profits-australian-central-bank-rates-brent-crude-crypto-hack-energy-prices-latest-news-updates

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.